Amur Minerals Corporation (LON:AMC) has released findings of a new study as part of its Russian approvals process.
The study, on the Kun-Manie project’s rock mechanics, is a component part of the company’s Permanent Conditions TEO – which is a Russian equivalent of a feasibility study process – and it has now been filed with the authorities.
It was completed by the Mining Institute of the Far Eastern Russian Academy of Sciences (MIFERAS).
"The MIFERAS rock mechanic evaluation confirms that Kun-Manie can be implemented as on open pit operation,” said Robin Young, Amur chief executive.
Amur said that the study confirms open pit operations can be successfully implemented for the Maly Kurumkon/Flangovy and Vodorazdelny deposits along with an area referred to as ISK - a continuous orebody seen from the Ikenskoe/Sobolevsky deposit through to the Kubuk deposit.
Additionally, for any remaining deeper ores, the study confirms conventional underground extraction methods can be utilised.
Young added: “Once open pit operations are completed, and if the ore located below the ultimate pit limits is substantial, it has also confirmed that late mine life extraction of deeper ores using conventional mining methods can be implemented.
"The rock mechanics evaluation is an important component for the design of all mines. This information and its inputs will form the basis for simultaneously establishing on-going operational safety practices and identification of a life of mine ore production schedule."